secwatch.observer — SEC 8-K summary
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Issuer:     Gogo Inc. (GOGO)
CIK:        0001537054
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0000950170-23-017147
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Gogo Q1 revenue up 6% to $98.6M, pays down $100M debt, reiterates 2023 guidance
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- Revenue $98.6M (+6% YoY); service revenue record $78.5M (+11%); equipment $20.1M (-9%).
- Net income $20.4M ($0.15 diluted EPS) down from $22.2M ($0.18); Adjusted EBITDA $39.7M (-7% YoY).
- Paid down $100M of Term Loan; expects ~$8.5M annualized cash interest savings.
- Reiterated 2023 guidance: revenue $440-455M, adjusted EBITDA $150-160M, free cash flow $80-90M.
- AVANCE AOL grew 28% to 3,447 units; total ATG aircraft online 7,046 (+8%); ARPU $3,389 (+2%).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1537054/000095017023017147/0000950170-23-017147-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1537054/000095017023017147/gogo-20230503.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-017147

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